National

Initial concerns about the pandemic's impact on the multifamily asset class have not been realized, according to a Berkadia poll.

FSRs tried to pivot to save their businesses by ramping up delivery programs, streamlining their menus, and repurposing their parking lots as temporary drive-thru's, however, the shift to service their customers off-premises was difficult and costly.

Coronavirus is hitting hourly paid and low/moderate income workers' wages hard and their property owners are proactively seeking—and securing—forbearance relief to protect against unpaid rent.

Europe and Asia weather the COVID-19 chill slightly better, according to CBRE. The firm is looking for "a gradual recovery" in the second half.

The self-storage REIT will be taken private in a deal valued at approximately $900 million.

"Now that a second surge of COVID cases is sweeping the U.S. and authorities are re-issuing social distancing measures, the retail market could continue to suffer over the next few quarters until a vaccine is developed," the report says.

Hines' massive Riverwalk project is still in the predesign stage, and the developer is looking for new ways to maximize wellness at the property.

While multifamily is in relatively good shape, one observer sees potential issues in Class C and mixed-use apartments.